Market Crashes After Crushing Inflation Report

The August inflation report came out today and it was not good.

Of course, you would never know that by the narrative being pitched by the White House.

While Joe and Karine Jean-Pierre are spinning a yarn, the 8.3 percent inflation was far worse than expected, sending the market into a tailspin.

When Does It End

The only good news we have right now is that gasoline prices are still trending down, but that will probably not last much longer.

In addition to a shockingly high 8.3 inflation rate for August and an increase in core household goods, Joe Biden decided to have a concert at the White House to celebrate.

Not only that, he dared to make these remarks…

There is nothing to celebrate here, Joe, as the food index surged 11.4 percent, the highest surge since 1979.

Food prices rose 0.8 percent over just the last month.

The Fed also stated that it plans to continue to hike interest rates to get inflation under control, but that has yet to work.

Joe Brusuelas, the chief economist for RSM US, dropped the doomsday message, stating that our economy is “years away” from normalcy.

The dispute between Russia and the west will likely impact gasoline prices very soon, with Brusuelas adding, “My sense is that if the US, the UK and EU impose a price cap on Russian oil exports and the Russians then follow through on their threats to cut off oil flows to the West, we’ll see reversal in oil markets.

“We’ll test the June highs, both in Brent crude and West Texas Intermediate, and you’ll see that very nice $3.70 per gallon gasoline price reverse and move back up. That’s clearly the big risk to the inflation outlook right now.”

Wall Street went into panic mode today, with the market closing down more than 1,200 points on the day.

Our economy is in big trouble, but Joe says it is working for all Americans.

My bank account has been going backward for months and sadly, with costs continuing to rise, I do not see that changing anytime soon.

Source: New York Post & Breitbart

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

35 Responses

  1. I have even produced $19,570 only in thirty days just working a few easy tasks from a laptop.~r41~Immediately once I’ve lost my previous position, dra I was tgf very distressed and thankfully I have discovered this best on-line opportunity that’s why I could make thousands staying at home.~r41~Everyone can certainly join this best work & collect extra dollars online by checking this page

    >>>>>> Just Tab On MY ID Name

      1. I actually have even produced $31400 best in thirty days simply running some clean responsibilities from a laptop. Immediately as soon as I’ve misplaced my (any-02) preceding position, I became very distressed and luckily I actually have observed this pleasant on line possibility that’s why I should make heaps staying at home. Everyone can virtually be part of this pleasant work & accumulate greater bucks online with the aid of using.

        checking this page———->>> JOBS LINKS HERE’S

      2. The WH contains WORSE CRIMINALS than the ones we have in the streets! That is why we need to ARREST, CONVICT, and EXECUTE!

    1. No es problema es que tenemos una marioneta de presidente,una inepta de vice y unos secretarios de estado con ideas absurdas y racistas

    1. Because he doesn’t care. In all his 50 years in office he has only carried about himself just like every other liberal democrat!!!!!!

    2. Criminal Madman does not care about America or the American People, he has proven it to the American People from the 1st day he entered the WH, with Closing down the Keystone Pipe line and thousand of thousand of people losing their jobs and I can go on and on.
      The Price of Gas is down only because of the Nov. 2022 election and he is using the RESERVE PETROLEUM.
      The Price of Gas will go even higher then $5.00 a gallon after the election in Nov. if the Evil DemoRATS ever win
      We MUST VOTE OUT EVERY DEMORAT CANDIDATE IN THE NOVEMBER ELECTION, IN ORDER FOR THE
      REPUBLICANS TO WIN, IN ORDER TO IMPEACH THE EVIL CRIMINAL MADMAN, SO AMERICAN CAN GO BACK TO THE BETTER LIFE THAT THE AMERICAN PEOPLE HAD DURING PRESIDENT DONALD J. TRUMP.

    3. He doesn’t know, in all likelihood; the 1 presenting as “Biden” most of the timesince March of ’21, when he fell up the boarding ramp to USAF 1, is not Joe; in fact, there are 2 we’ve been seeing, the 2nd just recently, might know,but the other is as decompensated as the real Joe was, so wouldn’t know even if he was told every day.

  2. The entire left side of the aisle is insane. Not even a sliver of common sense. The squad should have their mouths sewn shut and Jo-Bob should be given a cognizant test before he completely destroys the country.

    1. He needs health care in a nursing home but Jill likes all this even though it makes her look like a I’m first person. What a mess we have.

  3. But the great Dem mob of uninformed could careless voter and will continue to march us right off the cliff. Most of em will believe Biden’s lies and think the Dems will fix things.

    The Dem use Keynesian/communist economics where government money will fix everything. Never has worked and never will.

    1. I don’t understand how a person can be a drmorat! This party has turned our country into the laughing stock of the world, we have a possible p— as an illegal president who is brainless and crule
      This administration needs to be shut down legally and sanity restored. How much more are we to accept.

  4. I feel like i am in a dictator country now. Govt. and facistbook, the twit, fake news media, fbi, cia, doj, dod all in as one now. Only going after the right for any purpose now. Don’t say anything against king biden or all will come done on you. Soon only one tv station and one radio station run by govt. will be allow. This is bidens rule and don’t cross him or you will be hunted down. Even stock market fooling people now. Climax freaks ruining the world now. Soon after their first real year going we will not have enough food, gas will disappear for average person and if you get in line you will get an ev in a year or 2.

    1. There is no “going back to normalcy” going to happen. This isn’t just a left/ right conflict in America; it’s global, & spiritual, & it’s wrong (evil) vs right (Godliness). We are so close to the end times it’s uncanny that so few, STILL, have realized what’s happening!

  5. If the Conservatives don’t get back in control soon & actually DO something, this country is lost. I am 70 & am very glad that I won’t be around too much longer to see what we have let happen to the most wonderful country in the world.
    The Democratic party is the party of evil & destruction & have no plans to actually do anything to help the people other than themselves.

    1. Pennie, it’s Yhwh God Who is, as He always was, in control, not just here, but globally, & what you’re seeing is the lead into Him allowing the 1 world tyranny, prior to unleashing His judgment on all the peoples of this world, for their sinful choices in life, to be followed by the return of Messiah Yeshua (aka Jesus Christ) to rule over those left, & His peoples, taken out before that befalls the rest, for 1K yrs of perfect peace & prosperity, precisely as His prophets have forewarned us. The next shemitah cycle will likely get very ugly, for those under judgment.

  6. keep lying, you sack of crap that you are biden! GOD WILL HAVE HIS WAY WITH YOU, AND SEND YOU FOR YOUR ETERNAL REST….IN HELL!

  7. I cannot imagine how blind and stupid one must be to still believe Democrats. But as yet another truth from the Bible Rings true as they all do…..

    Isaiah 5:20 Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!

    2 Timothy 3:1-5
    But understand this, that in the last days there will come times of difficulty. For people will be lovers of self, lovers of money, proud, arrogant, abusive, disobedient to their parents, ungrateful, unholy, heartless, unappeasable, slanderous, without self-control, brutal, not loving good, treacherous, reckless, swollen with conceit, lovers of pleasure rather than lovers of God, having the appearance of godliness, but denying its power. Avoid such people.

Leave a Reply

Your email address will not be published.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

PRESIDENTIAL NEWS

CONGRESSIONAL NEWS

GOP CHAIR TWEETS

The DA in Philadelphia is a failure whose pro-criminal policies have cost lives.

Where does Fetterman stand? He enthusiastically backs him and wants to release 1/3 of prisoners.

Nevada gas prices are higher today than yesterday, than a week ago, than a month ago, and than a year ago.

But instead of standing up for American energy, Cortez Masto supports a lithium mining company with ties to communist China!

Load More...

MILITARY NEWS

VIDEOS & QUICK READS